Funded Trader Program

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What is the Funded Trader Program?

A Forex Funded Trader Account Program offers traders large capital to be able to have enough leverage to trade with profits. Once this is achieved, these profits are split between yourself and the Proprietary Firm.

Many people are trying to learn more about this field every day and it is not only about knowing the trading basics but also using the right tools and platforms to trade and be successful in the industry.

Many people are becoming profitable, learning trading skills and strategies from many online resources but they still lack the capital to make big profits. This is why Funded Trader programs are here. Audacity Capital is one of the best forex funded programs designed for profitable and talented Forex traders.

Trading guidelines

Here is a list of account sizes Audacity Capital funds for their traders and the rules each trader must follow.

First Stage Second Stage Third Stage Fourth Stage Fifth Stage Sixth Stage
Account Size
$15,000 $30,000 $60,000 $120,000 $240,000 $480,000

Account Size

Every trader that joins our Funded Trader Program starts with an initial account size of $15,000. Every time the trader hits the 10% profit target, we will double the account size up to $480,000 which is the maximum capital any trader can receive.

Lot Size
0.5 1 2 4 8 16

Lot Size

Orders at stage one are capped at a maximum of 0.5 lots, meaning that’s the most exposure you can accumulate at any one time. For instance, you can have either one position worth 0.5 OR five different positions of 0.1. Spreading risk is up to you, and when your account is doubled, so is your risk allowance.

For example, on $30,000, your maximum lot size is 1, and on $60,000, it’s 2 lots. The total drawdown limit is 10%, which is highly unlikely to happen, but you aren’t liable for losses if it does. As such, you won’t owe Audacity Capital any money.

Drawdown
10% 10% 10% 10% 10% 10%

Drawdown

The 10% drawdown is absolute and not trailing and as a firm we relentlessly focus on developing long-term relationships with our traders. That’s achieved by providing you with the environment to perform and prosper.

Target
10% target – $1,500 10% target – $3,000 10% target – $6,000 10% target – $12,000 10% target – $24,000 10% target – $48,000

Profit Target

The profit target is 10% at all times. By hitting the target you are able to withdraw your profit share and progress to the next stage, where we double the size of your account.

Tradable Assets
Forex Forex Forex Forex, Indices & Commodities Forex, Indices & Commodities Forex, Indices & Commodities

Tradable Assets

In the first 3 stages of the account, you can only trade Forex. Once you reach the 4th stage which is a $120,000 account size, you can start trading Indices, Commodities as well as Forex. You will need to send a request to the support team at [email protected]

Weekend Positions
Available on request Available on request Available on request Available on request Available on request Available on request

Weekend Positions

You must close all of your positions by Friday 6pm GMT. If you would like to keep a position open over the weekend, you will need to fill in the form using the following link: weekend.audacitycapital.co.uk. You can also find this in the Traders Dashboard.

 

 

News Events
No No No No No No

News Events

At all stages we do not allow trading through major news events. The risk management team will notify all traders via email when positions need to be closed. If you would like to keep an eye on the news, we recommend using www.forexfactory.com

Time Restrictions
Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable

Time Restrictions

At all stages there are no minimum trading days for hitting the 10% profit target.

 

 

Minimum Trading Days
NIL NIL NIL NIL NIL NIL

Minimum Trading Days

At all stages there are no time restrictions for hitting the 10% profit target. 

 

 

*Subject of approval, if accepted to the program, you’re considering as professional trader not retail trader with good expertise and knowledge about the financial industry.

How it works

  • Get Started by selecting your desired trading platform and currency for purchase , and proceed with your order.

  • Gain access to your live funded account within moments of placing an order and start trading right away. You will receive your account credentials and contract to sign on the email address you have provided. You can also access the trader dashboard to view your statistics.

  • Our dedicated talent acquisition team is available to address any questions you may have and provide a comprehensive overview of what the program offers. They’ll also engage in a discussion to better understand how well the program aligns with your goals.

  • We’re looking for traders with a minimum of 3-6 months of live account trading experience, a proven profitable trading strategy, and a strong dedication to excel in their trading journey.

    If you do not meet these criteria, rest assured that you will receive a full refund of the joining fee, which will be processed within 3-5 business days.

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What we offer

  • Our Funded Trader Program uniquely offers a live environement trading account starting with $15,000 and scaling up to $500,000. We encourage a partnership built on transparency, respect, and fairness with our traders. Therefore, we split the profits fairly 50/50 and use a liquidity provider that benefits our traders to have tight spreads and no fees on commissions or swaps.



    The program provides a fast scaling plan, where we double the account size every time the trader hits the 10% target. We also offer a 10% absolute drawdown, which is not trailing from the profits, where the trader is not liable for any losses.

  • If you get approved for The Funded Trader Program there is no need to waste time on a demo account. You start trading in live environment from day.

  • We believe in fairness, we share profits 50/50 fairly.

  • We double the size of the trading account every time you reach a 10% target.

  • The drawdown is 10% on the initial balance and you’re not liable for any losses.

  • We use a liquidity provider that allows us to give our traders access to a deep liquidity in the market with fast executions and tight spreads. Our monthly subscription covers the benefit of not having to pay commissions or swaps.

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Scaling plan

This graph shows how traders can get funded up to $480,000. Click on each stage to find out the different trading conditions for each account size.

line chart trending upwards
Stage 1: $15,000

Stage 1: $15,000

Every Trader that gets approved for the program starts with an initial capital of $15,000. At this stage, you can use a maximum lot size of 0.5 all cumulative. You must reach the 10% profit target, bringing your account to $16,500, to get your account doubled to $30,000. The drawdown is 10% so the maximum you can lose is $1,500 from the starting balance, meaning your equity cannot fall below $13,500.

Stage 2: $30,000

Stage 2: $30,000

At this stage, you can use a maximum lot size of 1 all cumulative. You must reach the 10% profit target, bringing your account to $33,000, to get your account doubled to $60,000. The drawdown is 10% so the maximum you can lose is $3,000 from the starting balance, meaning your equity cannot fall below $27,000.

Stage 3: $60,000

Stage 3: $60,000

At this stage, you can use a maximum lot size of 2 all cumulative. You must reach the 10% profit target, bringing your account to $66,000, to get your account doubled to $120,000. The drawdown is 10% so the maximum you can lose is $6,000 from the starting balance, meaning your equity cannot fall below $54,000.

Stage 4: $120,000

Stage 4: $120,000

At this stage, you can use a maximum lot size of 4 all cumulative. You must reach the 10% profit target, bringing your account to $132,000, to get your account doubled to $240,000. The drawdown is 10% so the maximum you can lose is $12,000 from the starting balance, meaning your equity cannot fall below $108,000.

Stage 5: $240,000

Stage 5: $240,000

At this stage, you can use a maximum lot size of 8 all cumulative. You must reach the 10% profit target, bringing your account to $264,000, to get your account doubled to $480,000. The drawdown is 10% so the maximum you can lose is $24,000 from the starting balance, meaning your equity cannot fall below $216,000.

Stage 6: $480,000

Stage 6: $480,000

At this stage, you can use a maximum lot size of 16 all cumulative. You must reach the 10% profit target, bringing your account to $528,000. The drawdown is 10% so the maximum you can lose is $48,000 from the starting balance, meaning your equity cannot fall below $432,000.

I was looking to get funded and did my research into prop trading firms. I chose Audacity Capital because they provided real money straight away, and I was right to choose them because I was able to hit my target and withdraw my profits in a few months.
Marcin — Poland
There are many advantages that come with working with Audacity. One that comes to mind immediately is the fact that I am much more responsible with the funds that I am managing. Because I know that the funds don’t belong to me and they belong to Audacity and I want to give the best performance possible.
Megiliano — Greece
Trading on a funded account is different from trading on a personal account. I had to adapt my strategy and disconnect my emotions because the conditions are different.
Monir — India
Everything is great. I really like how tight the spreads are on the platform and the program really teaches you how to control your risk.
Amaru — United States
I was looking for a prop firm that could give me 1 to 1 mentoring, where they have a trading floor I can visit. The biggest benefit the Hidden Talents Program offers is that I can talk to my mentor all the time.
Jakob — Germany
I already had a strategy and a proper trading plan when I got into Audacity Capital and pretty much I knew what I was doing for the last 6 months. I wanted to be ready before getting any funding and I stuck to my strategy all year round while adapting to the current market trends.
Theo

Our rules

  • At stage 1 you start with an initial capital of $15,000. Orders are capped to a maximum of 0.5 lots, meaning you can have either one position open at 0.5 lots or five positions at 0.1 lots. When your account is doubled, we also double the risk allowance.

  • We allow our traders an absolute drawdown of 10% which does not trail the traders profits. You are not liable for any losses so you won’t owe the company any money if the drawdown is hit.

  • Weekend positions are subject to approval by the Risk Management. If you would like to keep a position open over the weekend, you will need to fill in the form using the following link: weekend.audacitycapital.co.uk. You can also find this in the Traders Dashboard.

  • Positions must be closed during major news events such as NFP, Interest rate decisions, and Central Bank speeches. We send out news announcements to all of our traders in advance via email.

  • Once you hit the 10% target, you can request a withdrawal filling in the form using the following link: withdrawal.audacitycapital.co.uk that you will also find in the Traders Dashboard. You will receive your payout within 48 hours.

What we are looking for

We are looking for traders with live experience managing risk and who have shown profitability. Here are some requirements we are looking for when approving traders to join our program. 

  • Can demonstrate at least 3 – 6 months trading a live account.
  • Can demonstrate consistency when managing risk and profitability during this timeframe.
  • Can demonstrate consistency by following a trading plan or strategy.

 

As seen on

Our Funded Trader Program is designed for experienced and professional traders that already have a proven, profitable strategy in the market. That being said, not all funded trader programs are the same and are suitable for you. This is because all prop firms have a different set of rules that might not match your needs and goals. As a firm that values honesty and trust, we have laid out our rules and recommend that you look at these factors to decide if this program is best for you

Things to consider when choosing an FX Prop Trading Firm

  • It is crucial to look at the legitimacy of a prop trading firm when choosing a long term funding partner. Factors that can help determine a firm’s reputation are reviews, press features, awards, etc. Platforms such as Trustpilot and YouTube showcase a firm’s value from the opinion of people using the services of the firm.

  • Trading accounts may come with restrictions. Reading through the account’s rules and trading guidelines will help determine whether they align with your strategies. We advise that you contact a support consultant to confirm. Remember to consider a firm’s objectives when looking at their trading conditions.

  • It is essential to look at the program and the firm’s expectations. Does it align with your goals? Every firm is different.

  • Some Prop firms have a growth plan that allows funded traders to multiply their funds and enjoy increased profits.

  • Consider if there are any hidden costs. You can compare the fees with their restrictions to decide whether it is worth trading with the firm.

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Frequently Asked Questions

  • Is there any challenge or test to pass before getting a real account?

    We do not use demo accounts in our Funded Trader Program. If your interview is successful and you are accepted you start with a $15,000 live environment straight away.

  • What is the maximum account size a trader can get?

    We double the size of the account every time you reach the 10% target up to a maximum of half million dollars. Once you reach the half a million dollars mark, you can keep trading on the account and every time you hit the 10% target, you can withdraw your profits.

  • Is it worth becoming a funded trader?

    Funded trading comes with several benefits, and the best part is that you get to trade with more capital and make better profits.

  • Which financial asset can be traded?

    You are allowed to trade major and cross currency pairs, no commodities or indices at least at early stages.

  • What is the initial account size?

    Once you are accepted into the program we allocate $15,000 of company funds to your account to start trading.

  • Can I trade commodities or indices

    We mainly trade Forex however, once you reach the Stage 4: $120,000 account, we can consider allowing commodities or indices to be traded on your account.

  • Can I trade during the news?

    You are not allowed to keep positions open during major news events. However, in case of any restrictions you will always receive an email from the risk management team. You can enter your positions again 30 minutes after the news.

    In case you would like to keep an eye on news yourself, we recommend using https://www.forexfactory.com/

  • Which broker do you use?

    We do not use a retail broker, however we use an institutional liquidity provider that allows us to benefit from a deep liquidity in the market with no commissions or swaps on trades and tight spreads.

  • Do you allow EA’s?

    Yes, we allow EA’s.

  • Why do you charge fees?

    We charge a joining fee of £298 and a monthly fee of £99 to get funded with MT5. For MT4 we charge a joining fee of £199 and a monthly fee of £129. We want to build a long-term relationship with our traders, so the fees remain the same even if you’re managing a $500 000 account.

  • What happens if I hit drawdown?

    It is quite unlikely for you to hit the drawdown if you respect our risk parameters. However, in case that happens you will not be liable for losses, but you will automatically be withdrawn from the program.

    In some cases, there can also be a possibility for a second chance, for which the risk management team would need to review your account and approve you.

  • How can I withdraw my profits?

    You can withdraw profit every time you hit your 10% target. Once you have hit your target, you can request to withdraw on our app or send an email to [email protected] Once you have filed a request, we will double your account and send you the profits.

  • What platform do you use?

    We use MetaTrader 4 and MetaTrader 5

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